mShift partners with CyberCube
Millennial Shift Technologies has joined forces with CyberCube, the world’s leading cyber risk analytics platform, to streamline the underwriting process for insurance producers.
mShift said it is a digital platform that allows insurance professionals to quickly quote, bind and issue multiple lines of business within the small to medium enterprise (SME) cyber liability space.
It said it is partnering with CyberCube to develop an integrated solution to streamline the workflows for insurance producers while supporting an enhanced client experience.
“The integration will eliminate the need for redundant data entry and ensure that all cyber proposals include CyberCube reports,” mShift said.
The partnership will utilise CyberCube’s Broking Manager software, which applies specialised analytics to produce targeted information on a client’s cyber risk profile. CyberCube’s Broking Manager reports enable impactful discussions around company-specific financial exposure and risk transfer benchmarking data that support insurance buyers when making limits and coverage decisions.
CyberCube is backed by Morgan Stanley Tactical Value, Forgepoint Capital, HSCM Bermuda and other investors. It also has clients in Bermuda, including Hiscox, Ariel Re and Chubb.
Ross Wirth, head of client engagement and technology partnerships at CyberCube, said: “By integrating CyberCube's Broking Manager reports within the mShift platform, brokers and their clients can effortlessly compare their financial exposure to cyber events against proposed limits. This partnership will provide cyber risk transparency to the SME insurance market.”
Mark Meury, founder and CEO of mShift, said: “By including CyberCube’s reports and analytics, we can enable insurance professionals to demonstrate their expertise in cyber insurance and facilitate increased adoption of cyber insurance across SME insurance buyers.”